RBI delivers third consecutive rate cut, takes dovish stance: Key takeaways
  • WebDesk BTVI
  • Jun 06 2019

The RBI on Thursday declared its third consecutive rate cut and it also changed its stance to ‘accommodative’. The change in the stance clearly indicates that rate hikes are off the table, but the MPC is not decided if it’s go for another rate cut for some time. There have also been revisions in inflation and growth forecast with inflation seeing an uptick in the first half. Growth forecast, however, saw a sharp downward trend.